Tuesday, July 24, 2007

Husqvarna pretax tops forecasts, eyes acquisitions

(Reuters) - STOCKHOLM, July 24 - Garden and construction tools maker Husqvarna posted a bigger-than-expected 32 percent rise in second-quarter pretax earnings on Tuesday, boosted by recent acquisition Gardena.



Sweden's Husqvarna, spun out of white goods giant Electrolux last year, said pretax profit rose to 1.53 billion Swedish crowns from 1.15 billion a year earlier. Profit exceeded an average forecast of 1.40 billion seen in a Reuters poll of 10 analysts.


Read more at Reuters.com Market News

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